Fed Holds Rates as Inflation Cools | San Jose News

The Fed just paused again—no more rate hikes for now, keeping rates steady at 5.25% to 5.5%. Inflation’s cooling, jobs and spending are holding, and they’re watching to see if the current rates are doing their job without tipping the economy into a slump. Borrowing costs won’t spike anytime soon, but they’re still far from the cheap money days. The Fed’s still on high alert—another hike isn’t off the table if inflation or the job market surprises them. For now, it’s a cautious wait-and-see game. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/efd0c6d08a4d8310